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Rate My Stock: Heckmann
17 Jan 2012 EST - CNBC.com
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“Regulation, clearly, is a friend of those who treat water. I think the worst thing that could happen to us would be for the government to say, ‘Look, guys, we don’t care what you do with this nasty water. Just dump it anywhere you want to’ — probably wouldn’t be good for our business,” he said. “But what is good for our business is the fact that the drillers, the producers are very conscious of the risk to this water, and they’re very conscious of their obligation. So they turn over that water to us to either treat, recycle or dispose.”

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Asked about a being a possible takeover target by a larger company such as Halliburton or Schlumberger, Heckmann said he would “never deny shareholders the opportunity to vote,” but added that day-to-day operations were busy enough.

“Right now, we’ve got our head down because the demand for what we do is enormous. We can’t get enough trucks. We can’t get enough drivers. Disposal is at a premium in many of the shale plays,” he said. “We’ve gone from 30 people to 1,200 people in a year and continue at that pace.”

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